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Graphite Energy Corp.
Summary
| Project: | Lac Aux Bouleaux | |
|---|---|---|
| Deposit: | Lac Aux Bouleaux | |
| Location: | Canada | |
| Commodities: | Graphite | |
| Date: | 5/11/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-5-2017: Graphite Energy Corp. announces a Supporting Acquisition report for its Lac Aux Bouleaux deposit at the Lac Aux Bouleaux project. Summary of property in support of acquisition. Martin Ethier of Hinterland Geoscience & Geomatics (“the principal | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Martin Ethier (Hinterland Geoscience & Geomatics) | |
| ABSTRACT: | Martin Ethier of Hinterland Geoscience & Geomatics (“the principal author”) was retained by Graphite Energy Corp. (“the Company” or “GEC”) to update and complete a Technical Report on the Lac Aux Bouleaux Graphite Property (“the LAB Project”). The report was prepared as part of the Company’s due diligence to support the Property acquisition from Gold Port Resources, Ltd. (“GPRL”) and to secure future financing. The LAB Property is comprised of 14 mineral claims in one contiguous block totalling 738.12 hectares land on NTS 31J05, near the town of Mont-Laurier in southern Québec. Nine claims (500.68 hectares) covering a historical graphite deposit, graphite showings, and electromagnetic conductors, have been granted, while application for four claims (237 hectares) in the surrounding area is still pending. The Company has optioned the LAB Property under an agreement dated March 31st, 2017, where it can earn a 100% interest (subject to a $Cdn 2.00 Tonnage Royalty to GPRL and 25% of the value of any offtake agreement or sale of an offtake agreement) by issuing an aggregate of 5 million shares, making cash payments of $180,000 and carrying out exploration and development work in 2017 of $120,000. | |
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